

Stock Market Today: Sensex, Nifty Likely To Open Flat - News18
GIFT Nifty Today. According to Ponmudi R, CEO of Enrich Money, Indian equity markets are likely to open flat, with softer crude oil prices and firm Asian


GIFT Nifty Today. According to Ponmudi R, CEO of Enrich Money, Indian equity markets are likely to open flat, with softer crude oil prices and firm Asian


Sensex drops 330 points, Nifty down to 23,329 dragged by IT stocks
“Broad-based selling across IT, financials and consumer goods kept the domestic benchmarks under pressure,” Ponmudi R, CEO of Enrich Money, an online trading
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Sensex, Nifty snap winning streak despite easing crude as IT
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Global optimism fails to keep markets buoyant - The Hans India
Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said. Among major IT stocks, Hexaware Technologies lost 2.23 per cent, TCS dropped
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Nifty Ends Four-Day Winning Streak, Settles Below 23350 - fuzz - AI
A decisive break below 23,300 could intensify selling pressure and expose the index to the 23,200 zone. Ponmudi R, CEO of Enrich Money, noted that the Nifty
Ffuzz


Nifty's key support at 23,200; a breach could trigger further correction
Ponmudi R, CEO of Enrich Money, pointed out that the Nifty's decline ended its four-day winning streak. After opening steady, the index touched an intraday
Fflipit.money
Pre-Market Outlook
07:16 AM
Indian equity markets are likely to open on a flat note, with GIFT Nifty futures trading around 23,343 against the Nifty 50’s previous close of 23,329. Softer crude oil prices and firm Asian cues could provide some support to domestic equities during the session.
The decline in oil has gathered momentum amid reports of improving Middle East supply prospects, with Saudi Arabia said to have restarted operations at its East-West Pipeline and potentially preparing to resume crude exports from the Red Sea port of Yanbu. These developments have eased some immediate concerns over supply disruptions, with WTI crude trading near $90 a barrel and Brent below the $100 mark.
The moderation in crude prices offers some relief on the broader macroeconomic front, particularly for India given its dependence on imported energy. However, continued foreign-investor selling remains a key headwind for domestic equities, particularly as uncertainty over the Middle East continues to weigh on global risk appetite. While the recent improvement in oil-supply prospects has offered some relief, the geopolitical backdrop remains fragile, with no clear signs of a sustained de-escalation. Any renewed disruption to regional energy supplies could quickly reverse the decline in crude prices, potentially intensifying pressure on emerging-market flows and limiting the scope for a sustained recovery in Indian equities.
Asian markets are trading with a positive bias, with South Korea’s KOSPI gaining more than 1%, while Japan’s Nikkei 225 remains closed for a holiday and is scheduled to resume trading tomorrow.
Technical View
Nifty 50
Nifty 50 continues to languish within a broader corrective structure, facing consistent selling pressure at higher levels while follow-through buying remains conspicuously absent. This dynamic keeps the overall technical setup on a cautious footing. For the index to advance further toward the 23,500–23,600 resistance band, a sustained move above 23,400 is essential.
On the downside, 23,300 stands as the immediate support region, with the more crucial 23,200–23,100 zone below it. However, a decisive break below 23,000, the technical structure would weaken further, exposing it to lower support levels. On balance, the near-term picture for Nifty 50 remains cautious, and only a decisive move above 23,500 would be enough to tilt sentiment toward a more constructive footing.
Bank Nifty
Bank Nifty remains stuck within a broader corrective and consolidation phase, trading below its key moving averages while continuing to encounter supply at higher levels. On the upside, 56,700–56,800 stands as the key resistance zone, and only a sustained move above 57,000 would meaningfully lift overall sentiment.
On the downside, 56,100–56,000 serves as the immediate support; a failure to hold this band could extend weakness toward the next support at 55,800–55,700. Overall, the near-term outlook for Bank Nifty stays cautious, with a decisive breakout above resistance needed to shift the structure toward a more constructive bias.
Ponmudi R, CEO of Enrich Money
NIFTY50
BANK NIFTY

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